Mercom Capital plc (MMO)


Mercom Oil Sands gives investing update

Mercom Oil Sands has made investments totalling £768,000 pursuant to its investing policy.

It has made an investment in NWT Coal Limited of £300,000 for a 35 per cent. interest in NWT Coal. NWT Coal, an unquoted company, has an 80% interest in a local company which owns two coal concessions in the Bac Giang Province of Northern Vietnam.

Mercom said it had invested £400,000 for a 30% interest in Lion Natural Resources Plc. Lion holds investments in two companies with projects in Sierra Leone and Kenya respectively.

Finally, Mercom said it had invested about £68,000 in 7% convertible debentures of Maverick Petroleum Limited.

At 8:23am: (LON:MMO) Mercom Oil Sands PLC share price was +0.03p at 0.4p